I'm just wondering why tax credits go down once LO turns 1? I've read about and from what I can gather it reduces by £10 a week, £520 a year? In my experience, the older LO gets.. the more I spend! Formula is quite expensive, but i'm spending just as much, if not more, on cows milk. I'm washing more, i'm buying more clothes due to stains, I have to buy shoes now she's walking, i'm spending more on snacks/food aswell as toys etc.. Don't get me wrong, it's great that we get anything, I just wondered why it goes down...?